Canara Bank Minimum Balance : Canara Bank Minimum Balance Required Canara Bank Saving accounts usually require a minimum balance to operate the account and also to avail the various features that come along with it. However, this minimum balance amount varies with different accounts. A few basic savings accounts or your salary account might not need you to maintain a minimum monthly balance, but if you hold a premium account or a privilege account type, you are required to maintain a minimum monthly balance.
At Canara Bank saving account, a depositor must maintain an Average Monthly Balance of Rs.1000/- for Metro, Urban & Semi-urban branches. While a minimum balance of Rs.500/- is required for Rural branches.
The account holder should check with the bank on their latest instructions in this regard.
Canara Bank Minimum Balance
|With chequebook||Rural||Rs. 500|
|Without chequebook||Rural||Rs. 100|
Canara Bank Minimum Balance Required
|Non maintenance of Minimum balance charges||Modification in charges (Based on Minimum Average Monthly Balance-AMB)|
|Metro / urban / semi-urban branches||Rural branches|
|AMB maintained in the account against the stipulated ₹ 1,000||Charges per month for violation of AMB||AMB maintained in the account against the stipulated ₹ 500/-||Charges per month for violation of AMB|
|Rs. 999 to ₹ 700||Rs. 25 + applicable tax||Rs. 499 to ₹ 350||Rs. 25 + applicable tax|
|Rs. 699 to ₹ 400||Rs 35 + applicable tax||Rs. 349 to ₹ 200||Rs. 35 + applicable tax|
|Rs 399 and below||Rs 45 + applicable tax||Rs. 199 and below||Rs. 45 + applicable tax|